The Trust for Governors Island debuts new Harbor Charger ferry The Trust for Governors Island unveiled its new hybrid-electric ferry, the Harbor Charger, on August 12. It's the first of its kind in New York State and a welcome addition to the
The M/V Gage Golding joins Golding Barge Line The newly built M/V Gage Golding, a 94-foot retractable, twin-screw towboat delivering 2,800 horsepower, has been completed by Steiner Shipyard in Bayou La Batre, Ala., to a Sterling Marine design. The towboat
Wallenius Wilhelmsen posts strong Q2 Wallenius Wilhelmsen delivered solid results in the second quarter, reporting an EBITDA of US$472 million. Revenue reached US$1.35 billion, up 4% from the previous quarter, driven by strong shipping volumes. Net profit came in at US$403 million, boosted by a US$135 million gain from the sale of the MIRRAT terminal. Without the sale, net profit would have been US$268 million, up 8% quarter over qu
Euroholdings reports financial results Euroholdings announced its financial results for the three- and six-month periods ended June 30, 2025. The results presented include Euroholdings and its subsidiaries, with prior comparative periods reflecting the carve-out performance of the contributed vessels. For the first half of 2025, Euroholdings reported total net revenues of US$5.8 million, a 26.4% decrease from US$7.9 million in the sam
US rejects shipping climate framework amid maritime powerplay Geopolitical tensions escalate as Washington threatens retaliation against nations supporting IMO's Net-Zero Framework, revealing deeper strategic competition in global maritime dominance. The Trump administration's dramatic rejection of the International Maritime Organization's Net-Zero Framework has transformed what appeared to be an environmental initiative into a high-stakes geopolitical batt
Port of Aarhus sees record 45% jump in container volumes The Port of Aarhus has smashed multiple records in 2025, with container traffic hitting new all-time highs. July alone saw volumes surge over 45% year-on-year, from 59,726 TEU to 86,835 TEU. It's the highest monthly throughput ever for Denmark's largest commercial port, which handles more than 70% of the nation's containers. The first half of the year was already strong, with overall container tr
COSCO leads in Far East-Indian Subcontinent/Middle East lane COSCO Shipping Lines is the largest player in the Far East-Indian Subcontinent/Middle East/Red Sea trade, with a market share of around 13%, with 250,000 TEU of capacity deployed, according to Alphaliner's report today. The Chinese group is also the only player that operates 'megamaxes' on this corridor. Its MEA5 service, part of the OCEAN Alliance network, is run with five such vessels, averagin
HMM posts H1 2025 profit despite rate pressures HMM closed the first half of 2025 with solid profits, despite weaker freight rates and global trade challenges. Revenue for H1 reached KRW 5,477 billion, up 9.7% year-on-year. Net profit rose 5.7% to KRW 1,211 billion. Operating profit came in at KRW 847 billion, delivering a 15.5% margin. In Q2, however, results softened. Revenue slipped 1.5% to KRW 2,623 billion. Operating profit dropped 63.8%
Maritime security under traditional and digital threats As the United Nations Security Council convened this week for critical deliberations on maritime security, the discussions underscored a troubling reality: the ocean highways that bind the global economy together are under assault from multiple fronts simultaneously. The maritime security landscape of 2024 painted a complex picture of evolving threats
KCCI drops 2.91% as Busan-Europe, US rates keep sliding Japan International Freight Forwarders Association (JIFFA) reported that the KOBC Container Composite Index (KCCI) fell to 2,069 points on Monday, down 2.91% from last week, according to Korea Ocean Business Corp. Spot rates from Busan to Europe and the U.S. continued to decline. The index for the U.S. West Coast slipped 2.92% to US$2,029 per FEU. The U.S. East Coast route saw a bigger drop, down
AD Ports Group posts strong Q2 2025 AD Ports Group reported strong second-quarter results for 2025. Revenue rose 15% year-on-year to AED 4.83 billion, driven by Ports, Economic Cities & Free Zones, and Maritime & Shipping. EBITDA climbed 9% to AED 1.17 billion. Profit before tax reached AED 519 million, up 5% from last year. Free cash flow was positive for both the quarter and year-to-date. This came from strong operating cash flow
Top Container Ports: Key Rankings and Insights Introduction to the Rankings The world's top container ports continue to drive global trade, with Asian hubs leading the way, according to DynaLiners Millionaires report, that spotlights 157 ports. Each of them handled over one million TEU. These "millionaire" ports account for 88% of global container throughput. The total volume reached 820.6 million TEU, marking an 8% increase from 2023. Asian
Modern supply chains demand shipper flexibility Complex supply chains require planning to maintain the efficiency of logistics operations and that requires foresight that data can bring through the understanding of what is possible and how to foolproof systems. Up to the beginning of this decade moving goods for most shippers was comparatively straight forward, since Covid disrupted global supply chains there has been major changes to the way
Transworld Shipping reveals Q1 FY26 results and acquisitions Transworld Shipping Lines Limited has reported its unaudited financial results for the quarter ended 30 June 2025 and announced a series of strategic business moves to strengthen its market position. For the first quarter of FY26, revenue stood at approximately US$ 11.4 million, marginally up from US$ 11.3 million in the same quarter last year. EBITDA came in at US$ 2.5 million, compared to US$ 3
Pole Star Global acquires Clearwater Dynamics Pole Star Global has acquired UK-based Clearwater Dynamics. The company is known for Coral, a leading marine insurance risk platform. Firstly, the deal blends Clearwater's vessel risk monitoring with Pole Star's compliance, voyage optimization, and dark vessel detection tools. It also moves Pole Star into the marine insurance market. The result is one system that links operational, regulatory, an
Iranian support for Houthis signals prolonged Red Sea crisis The Red Sea, one of the world's most critical maritime corridors, shows no signs of returning to normal. Intelligence assessments and recent naval activity indicate that Iranian support for Yemen's Houthi movement remains steady and in some cases, appears to be expanding. This sustained backing is becoming a key geopolitical indicator that the crisis will likely persist well into the foreseeable
Rijeka Gateway enters final testing phase Rijeka Gateway has started its final testing phase with the arrival of its first container vessel and first test train. The terminal is the region's most technologically advanced and is preparing for its official opening. The M/V Cape Fulmar arrived from Port Said, Egypt. The vessel is 170 meters long, 25 meters wide, and can carry about 1,440 TEU. It will remain docked for four weeks. During thi
MSC re-charters ships ensnared in Russia sanctions MSC is rehiring two post-Panamax container ships that were detained in Malta for two years due to sanctions against the former Russian owner of the vessels. The 2006-built 8,204 TEU ships, formerly called MSC Bilbao and MSC Valencia, were detained since mid-2022, because of sanctions on their previous owner, Russian state-owned leasing company GTLK Joint Stock Company
Venice Energy sells Australian LNG terminal to AG&P LNG Australian energy infrastructure developer Venice Energy has agreed to sell its project to LNG terminals and downstream infrastructure firm AG&P LNG, a subsidiary of US-owned Nebula Energy. This follows an eight-month negotiation process after signing a binding term sheet between the two companies in October 2024 and a full-formed investment agreement that was settled and ...
Diana Shipping charters out post-panamax to Oldendorff Greek bulker owner Diana Shipping has entered into a time charter contract with Oldendorff Carriers for one of its post-panamax vessels. The company hired the 2012-built, 98,704 dwt bulker Polymnia. The gross charter rate is $14,000 per day, minus a 5% commission paid to third parties, until a minimum of April 10, 2026, up to a ...
Ex-Christiania Gas boss joins Navigare Capital Denmark's Navigare Capital Partners has brought in a former chief executive of Christiania Ga, Andrew McPhail, as a new partner, bolstering its investment team. McPhail is now working on business development and deal sourcing alongside partners Lars Christensen and Max Nielsen. His remit covers opportunities across the deepsea shipping segments, the Copenhagen-based alternative investment fund ...
Seafarer: The Ship Sim to launch this October Germany's Astragon Entertainment has set October 7 as the date for the early access launch of Seafarer: The Ship Sim, available on Steam and via the Epic Games Store. Dubbed by gaming media as "the ocean's equivalent of Microsoft Flight Simulator," the title promises an immersive career at sea across a vast open world, with ...
Kent bags Northern Endeavour decommissioning gig Energy services group Kent has been awarded a new technical advisory services contract by the Australian government to support the permanent plugging and abandonment of the Laminaria-Corallina oil fields in the Timor Sea. The contract also includes advisory services for the safe removal of associated subsea infrastructure. The contract was awarded following the company's previous ...
Stena Drilling lines up new deals and extensions for rig quartet In its latest fleet status report, Stena Drilling has revealed details of several new deals won by the company's rigs. The 2012-built Stena IceMAX drillship has won a four-well firm campaign in Egypt for an unknown operator with work scheduled to begin in February 2026. The estimated duration of this campaign is approximately 190 days. ...
bound4blue: Integration, not invention Barcelona-based bound4blue has been turning heads with its suction sails-wind-assisted propulsion systems now cutting fuel burn and emissions on multiple ships. But ask CEO and co-founder José Miguel Bermúdez where the next big shipping technology breakthrough will come from, and he doesn't point to some gleaming new innovation. Instead, he's betting on something less flashy ...
India cancels pair of offshore wind tenders over lack of interest Solar Energy Corporation of India (SECI), a public sector company owned by the country's Ministry of New and Renewable Energy, has cancelled two offshore wind energy tenders. One tender is for a 500MW project under the viability gap funding scheme, while the other is for the allocation of seabed lease rights for 4GW of capacity. ...
Latsis-controlled Euroseas spinoff sets sights on product tankers Euroholdings, a spinoff of Greek containership owner Euroseas, has decided to shift its focus to the tanker sector. The Nasdaq-listed outfit, taken over by the fellow Latsis family's Marla Investments in June, said in its earnings report that it will initially pursue investments in the product segment. "Over the next several months, we will be ...
Pole Star Global buys Clearwater Dynamics Maritime intelligence firm Pole Star Global has acquired Clearwater Dynamics, a UK-based innovator in real-time maritime risk intelligence and the creator of Coral, a platform for managing marine insurance risk. No price has been revealed for the acquisition. Clearwater's Coral platform equips underwriters and brokers with tools to assess, monitor and report exposure to risk ...
HD Hyundai's new Philippine yard to open in January with capacity for 10 ships a year South Korea's HD Hyundai is set to start shipbuilding in the Philippines from January next year, with a revamped Subic Bay yard capable of turning out up to 10 vessels annually. The shipbuilding giant has signed a 10-year lease for 200 hectares from Agila Subic, a Cerberus-owned operator of the former Hanjin shipyard, and will ...
Colombia launches first offshore wind round with 15-year deals up for grabs Colombia's Ministry of Mines and Energy has issued a new resolution, which launches the first round of offshore wind bidding. The round, which will operate under a contract for differences (CfD) scheme, is designed to promote strategic technologies that strengthen the resilience and sustainability of the country's National Interconnected System. In this manner, Colombia guarantees ...
Safe Bulkers sheds second vintage kamsarmax Greek dry bulk owner Safe Bulkers has continued to clear out older tonnage with the sale of another one of its ageing kamsarmax vessels as it makes room for newbuild deliveries over the next two years. The New York-listed firm is offloading the 2007 Tadotsu Tsuneishi-built Pedhoulas Merchant to an undisclosed buyer for $11.5m. The ...
King Ship returns for four more bulkers at Taizhou Zhonghang Chinese yard Taizhou Zhonghang Shipbuilding has secured a fresh order for four 63,000 dwt general cargo ships from Hong Kong's King Ship (HK). The contract, signed yesterday at Taizhou Port Shipbuilding New Area, follows King Ship's initial order for eight vessels of the same design placed on May 9, 2024. The latest deal takes the ...
US rejects IMO net-zero framework The United States has formally rejected the International Maritime Organization's (IMO) proposed carbon levy, branding it a "global carbon tax on Americans" and vowing to rally opposition ahead of a key vote in October. In a joint statement, secretary of state Marco Rubio, commerce secretary Howard Lutnick, energy secretary Chris Wright, and transportation secretary Sean ...
Los Angeles tops 1m teu in July, eclipsing Covid-era high US importers brought in holiday goods early this year in response to tariffs, leading to an unusually high peak in...
Shadow fleet undeterred by Baltic enhanced surveillance and naval escorts Shadow fleet tankers loading out of the Baltic and sailing through the English Channel are now among the most forensically...
Marine insurers face renewed European sanctions on Iran Invocation of nuclear pact 'snapback' will leave already complicated picture even more muddled, underwriters fear
Houthis offer reassurance to 'compliant' vessels with Red Sea FAQs But security analysts question whether this new communication will change anything at all for shipowners deciding whether to send their...
Panama Canal sees July boxship boost prior to tariff deadline The Panama Canal has fared well this year despite the tariff turmoil in the US. That could change in the...
Euroseas says feeder rates continue to scale peaks Longer charters from first-class operators, evidenced by a thinning of transactions this summer, is not for lack of interest, says...
Containership charter rates hold up as fixtures remain limited CMA CGM continues to be most active in the charter market among leading containership operators
Wasaline launches first operational green corridor Ro-pax service between Vaasa in Finland and Umea in Sweden is now carbon-neutral
Panagiotidis lifts stake in MPC Container Ships After Castor Maritime acquires tranche, Greek owner now controls more than 20% of Oslo-listed boxship company
Lower VLCC rates take a bite out of Okeanis profits Greece-based large tanker owner sees second-quarter VLCC rates suffer sharp decrease, while suezmax earnings held up better
More orders for large boxship in pipeline as carriers invite bids from yards The firm orderbook for containerships now exceeds 10m teu of slot capacity, provided by in excess of 900 vessels
Could China save green hydrogen? Green hydrogen projects are failing around the world, as high costs and lack of customers force a rethink of overly...
The Daily View: Setting the agenda
US campaign to derail IMO carbon tax goes public Having failed to derail the IMO's net zero framework in April, the US has been quietly pushing governments behind the...
Daily Briefing Accusations and threats fly as UN tackles global maritime security concerns | Russia's far east ports go dark in AIS...
Whipsaw from Trump's tariffs drove US container import record in July Containerized imports into the US last month set an all-time high, according to PIERS data, reflecting what is likely a peak in 2025 imports as shippers tried to get ahead of tariffs.
Tight MPV supply countered by container rate crash, ship glut With only low-capacity increases forecast for the MPV fleet, operators believe they will be able to handle the predicted increases in project cargo.
US rejection of IMO 'net-zero' framework won't change outcome: Bimco When the proposed agreement is adopted in October, as expected, all international shipping will be bound by the decarbonization regulation, an official at the shipping association pointed out.
Truckload procurement tool GoodShip lands $25 million funding round The funds will mostly be spent on further development of its platform for shippers, including investment in AI.
Tariff turmoil to increase market volatility, supply chain disruption: HMM Ports in Europe and Asia, especially Rotterdam, Antwerp, Singapore and Shanghai, have been grappling with congestion-related issues such berthing and cargo delays for several months.
Navigator Gas offloads ethylene carrier as US restrictions hit earnings Big gain on disposal was not enough to lift profit
Viewpoint: Climate crisis demands a change in perspective at the IMO Mandating cleaner fuels could cut black carbon emissions and slow the Arctic meltdown
China Merchants Leasing to sell modern ultramax bulker pair Wah Kwong has the pre-emptive right to purchase Dacks-built vessels
Cleaves cuts Frontline exposure and bets on Maersk stock weakness Norwegian operation has already profited from shorting shares in Israeli container line
Letter: Scrubber support is 'world turned upside down' Clean Arctic Alliance technical advisor continues debate on calls for scrubber ban
Aristides Pittas: Feeder outlook is 'potentially very rewarding' Cooling of container ship charter market due to 'lack of vessels rather than lack of interest'
'Dangerous to be short': 2020 Bulkers undecided on how to cover first quarter next year Rates are looking good as bauxite volumes stay strong
Euroseas profits dip but outlook is 'potentially very rewarding,' says Aristides Pittas Cooling of container ship charter market due to 'lack of vessels rather than lack of interest'
Aristidis Alafouzos details Okeanis edge in cleaning up VLCCs for fuel trades Working with charterers who control terminals is a key element in making the switch from dirty pay off
Eitzen-controlled Christiania adds Japanese tanker as it awaits first-ever newbuildings Denmark-based owner takes modern ship from Shokuyu Tanker
Why tankers are to blame for jellyfish stowaways shutting down a French nuclear power station Marine biologist says creatures can hitch rides on ships
IMO net-zero plans 'in danger' after Trump's retaliation threats, ING believes Economist Rico Luman questions whether other countries will feel the pressure at crucial October vote
Regional Container Lines doubles profit despite falling freight rates Tariffs, geopolitical unrest and vessel deliveries adding 'complexity and challenges'
Champion Tankers firms up methanol-ready MR newbuildings in strong markets Private Norwegian owner putting cash pile into fleet renewal in China
IMO net-zero plans 'in danger' after Trump's retaliation threats, ING believes Economist Rico Luman questions whether other countries will now feel the pressure at crucial October vote
Trump repeats threat of retaliation against countries supporting IMO's net-zero drive US President calls the proposal a global carbon tax, saying it will drive up costs for Americans
Norwegian sovereign wealth fund grows shipping book to $4.8bn World's largest investor shuffles its holdings in major maritime firms in successful first half
Car carrier stocks downgraded as DNB calls 'end to a solid run' Wallenius Wilhelmsen and Hoegh Autoliners cut to 'hold'
HD Hyundai cosies up to US on shipbuilding cooperation with yard tour Visit is forerunner to South Korea-US presidential meet this month with shipyard chiefs set to be in delegation
LNG S&P action in 2025 'tempered' by complex and unpredictable environment, Fearnleys says Will it be 'nirvana or samsara' for steamships, broker asks, as demolition sales outperform those for secondhand tonnage
Meet Hycamite: Tech start-up backed by shipping giants and a name inspired by Donald Duck Technology firm lookiung to repower LNG-fuelled ships with hydrogen
HMM operating profit plunges as US tariffs hit liner earnings South Korean carrier to keep diversifying after ditching plans to buy vessels from SK Shipping
Navigator yet to remove joint-venture director arrested in Pertamina corruption probe UK owner said back in March that it was taking steps against Muhamad Kerry Adrianto
Eitzen-controlled Christiania buys Japanese tanker as it awaits first-ever newbuildings Denmark-based owner snaps up modern ship from Shokuyu Tanker
Abu Dhabi shipowner Al Seer profit soars as new MR tankers delivered New financing helping tanker and gas carrier company to grow operations
2020 Bulkers banks freight derivatives gains as bottom line takes a tumble Newcastlemax owner's fleet is fully exposed to the spot market
Car carrier stocks downgraded as DNB calls 'end to a solid run' Wallenius Wilhelmsen and Hoegh Autoliners cut to hold
Trump threatens retaliation against countries supporting IMO's net-zero drive Trump calls the proposal a global carbon tax, saying it will drive up costs for Americans
Navigator Holdings offloads ethylene carrier as US restrictions hit earnings Big gain on disposal was not enough to lift profit
Offshore player Kim Heng back to black thanks to Taiwan and West Africa contracts Company to improve its submarine optic and power cables installation ability
Tanker seized on smuggling suspicion released after probe in Iraq The Liliana is en route to the UAE after seizure last week
Suezmax tanker freed after being cleared of smuggling by Iraq The Liliana is en route to the UAE after seizure last week
Buy 'forgotten' product names in tanker surge, says Arctic Hafnia and Torm get 'buy' ratings
Safe Bulkers banks firm price for latest kamsarmax sale Greek owner offloads second older ship this year
Marshall Islands wants flag state accounts for transparency drive Government receives $15m a year from US-based administrators of world's third-largest ship registry
DNB Carnegie sees 'attractive' returns for shipping bonds Bank forecasts 9% return for Nordic high-yield bonds in 2025
Nanjing Kingship expands fleet with ultramax bulk carrier newbuildings Owner has 12 newbuildings on order at Taizhou Zhonghang
Trump slams IMO's net zero proposal, threatens retaliation on supporters Trump calls the proposal a global carbon tax, saying it will drive up costs for Americans including shipping companies
Okeanis Eco Tankers cranks up dividend after quarterly earnings fall less than expected Adjusted earnings per share comes in ahead of expectations
FedEx appoints Vishal Talwar as chief digital officer FedEx has named Accenture executive Vishal Talwar as chief digital and information officer.
Air Canada flight attendants announce strike date, cargo shipments at risk Air Canada flight attendants are set to strike Saturday. Cargo shipments are at risk.
FedEx Dataworks: A gem in the right hands The FedEx Dataworks unit provides deep insight into parcel shipping operations. The best value play is to sell it.
The Suez Canal Authority has announced that it will introduce surcharges on transit tariffs through the Egyptian canal for most major cargo vessels, effective July 15.
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